Rexford Industrial Acquires Development Site In Santa Fe Springs For $34M
13711 Freeway Drive, Santa Fe Springs, California 90670, United States
$34,000,000
Building Size
—
Asset Type
Development Site
Closing
Jun 29, 2022
AI
A development site located at 13711 Freeway Drive in Santa Fe Springs has been sold for a price of $34,000,000. The property spans 5.0 acres and is situated in the Santa Fe Springs market. The transaction took place on June 30, 2022.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $34,000,000
- Address: 13711 Freeway Drive
- Market: Santa Fe Springs
- Acres: 5.0
Rexford Industrial, represented by Patrick Schlehuber, acquired the development site. The purchasing process was facilitated by Jordan Lara from DAUM Commercial Real Estate Services.
Players
Santa Fe Springs Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93